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can i use gift funds from a cousin for FHA

by ddrake579 from Hudson, Florida. Nov 20th 2020 Reply


Aiman Abozeid (aabozeid@inlanta.com)
#44 ranked lender in Wisconsin - 16 contributions

Yes, see page 10, https://www.hud.gov/sites/documents/4155-1_5_SECB.PDF I am listened in FL if I can help, Aiman Abozeid NMLS#237450, Direct # 608 203 6355

Nov 20th 2020
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,200 contributions

Probably. A cousin would be considered an acceptable family relation for gifting purposes. Please make sure you consult with your Mortgage originator BEFORE any funds are actually transferred. There are specific steps and documentation requirements for a gift to be useable. You do not want to jump the gun and then discover that the way the gift was provided excludes you from using it. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except VA and we're pending approval in MA and NY. ~ www.ApplyYes.com 480-889-9000.

Nov 20th 2020
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